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Vodafone Spain Q3 Numbers

Financial results News - Published on Fri, 15 Nov 2019

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Vodafone Spain entered service 978 million euros in these three months, 8% less than in the same period of the previous year, but showing improvement compared to the first quarter (-9.3%). In the whole of the semester, service revenues amounted to 1,966 million euros, 8.7% less than the same period of the previous year.

Regarding total revenues, Vodafone Spain entered 1,078 million euros in the first quarter to close the initial six months of the fiscal year at 2,161 million euros. These figures reflect the impact of the commercial repositioning of the business carried out in the last year, the strategic decision to leave football due to its lack of profitability and the push of low-end proposals, factors that conditioned the results of the second quarter, although there is an improvement compared to the first one due to the success of the strategic initiatives promoted by the company in recent months and the growth of the client base in the main segments.

On the other hand, the EBITDA margin in this first half of the fiscal year decreased 0.2 pp compared to the same period of the previous year to 21.3%, mainly due to the decrease in service revenues, partially offset by the reduction of operating costs after the implementation of the new structure of the company and the advances in the digitalization process that allow the company to adapt to its Customers' preference for digital channels (service and sales) in a more efficient way.

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Posted By : TelecomGuru on Fri, 15 Nov 2019
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